Form 4: Rithm Capital Corp. CEO Michael Nierenberg Receives Profits Interest Award

Michael Nierenberg, CEO of Rithm Capital Corp., was granted a profits interest award in the form of Class B Profits Units in Rithm Capital Management LLC.

Summary

• Michael Nierenberg, the CEO of Rithm Capital Corp., received a profits interest award on February 24, 2025.
• The award is in the form of 252,313 Class B Profits Units in Rithm Capital Management LLC (RCM).
• These units will vest in three equal annual installments starting February 24, 2026, and ending February 24, 2028, contingent upon continued employment with the Issuer.
• Once vested and a sufficient amount of profits have been allocated, each Class B Profits Unit can be exchanged for one share of Rithm Capital Corp. common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it incentivizes management. The sentiment is moderately positive.

Positives

• The profits interest award aligns the CEO's interests with the long-term performance of Rithm Capital Corp.
• The vesting schedule incentivizes continued employment and commitment from the CEO.

Risks

• The value of the profits interest award is contingent on the future profitability of Rithm Capital Management LLC.
• The CEO must remain employed with Rithm Capital Corp. for the vesting schedule to continue.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the profits interest award.

Industry Context

Granting profits interest awards is a common practice in the financial industry to incentivize executives and align their interests with those of the company and its shareholders.

Stakeholder Impact

• The profits interest award could potentially benefit shareholders by aligning the CEO's interests with the company's long-term success.
• The award incentivizes the CEO, which could positively impact employees and other stakeholders.

Key Dates